Deutsche Bank AG Purchases Shares of 285,847 Gartner, Inc. $IT

Deutsche Bank AG purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 285,847 shares of the information technology services provider’s stock, valued at approximately $37,051,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. J. Stern & Co. LLP lifted its position in Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after acquiring an additional 1,518,333 shares during the last quarter. Norges Bank acquired a new stake in Gartner in the 4th quarter valued at about $299,576,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after acquiring an additional 1,025,010 shares in the last quarter. Capital International Investors boosted its holdings in shares of Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after purchasing an additional 884,250 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Gartner by 51.9% during the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after buying an additional 646,052 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president directly owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.60% of the company’s stock.

Gartner Stock Up 1.2%

Shares of NYSE IT opened at $195.92 on Friday. The firm’s 50-day moving average is $151.55 and its 200-day moving average is $155.15. The firm has a market capitalization of $12.37 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.64 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business posted $3.53 EPS. Gartner’s revenue for the quarter was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts expect that Gartner, Inc. will post 14.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Gartner from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company raised their target price on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. The Goldman Sachs Group boosted their price objective on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada upped their price objective on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $187.30.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.